Moody’s upgrades NLMK Group’s long-term credit rating
International rating agency Moody’s has upgraded NLMK Group’s long-term credit rating from Baa3 to Вaа2 with a stable outlook (both are investment grade).
Q4 and 12m 2018 NLMK Group consolidated financial results under IFRS
NLMK Group (MICEX and LSE: NLMK) is pleased to announce an EBITDA growth of 35% yoy to $3.6 bn in 2018. EBITDA margin hit a decade high at 30%. Free cash flow grew by 60% to $2.0 bn.
Notice of Q4 2018 IFRS results
NLMK (LSE: NLMK) will be announcing its consolidated IFRS results for Q4 2018 on Thursday, February 7, 2019.
Fletcher Group consolidates service functions into Corporate Solutions Centre
NLMK Group has sold 100% of its stake in NLMK Accounting Centre to Fletcher Group Holdings Limited for a total of 23.9 million rubles.
Q4 2018 and 12M 2018 NLMK Group Trading update
In 2018, NLMK Group sales grew to 17.6 m t, up 7% yoy. Steel output grew by 2% yoy to 17.5 m t. Steel capacity utilization rate was 99%.
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